4 ms·
On the face of it, this makes no sense. Vacancy rates are incredibly low everywhere in the US, and what you're describing would push prices down as much as up.
by mgraczyk 4y ago
On the face of it, this makes no sense. Vacancy rates are incredibly low everywhere in the US, and what you're describing would push prices down as much as up.
- Justsignedup 4y agoThe weird part is, in New York vacancy is because the rent is so high or the price is so high that investment firms are unwilling to let people live there for fear that it'll drive down prices. They rather make 300% gains on 70% of their properties and let 30% go vacant, than let those 30% get sold/rented and let all prices drop to normal rates.
- colinmhayes 4y agoNYC vacancy rate is 4.5% against all time lows of around 3%. There is not a vacancy crisis there.